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StorageVault Canada Inc announces maximum $1,000,000 private placement financing


Wednesday, 5 Feb 2014 08:00am EST 

StorageVault Canada Inc:Intends to complete a non-brokered private placement of a combination of half warrant units and full warrant units at a price of $0.30 per either a half warrant unit or a full warrant unit for aggregate gross proceeds of $1,000,000 (3,333,333 units).Each half warrant unit will be comprised of one common share in the share capital of StorageVault and one-half of one common share purchase warrant (a $0.35 warrant).Says with each whole $0.35 warrant being exercisable for four years from the closing of the offering into one common share at an exercise price of $0.35 per share.Each full warrant unit will be comprised of one common share in the share capital of StorageVault and one full common share purchase warrant (a $0.37 Warrant).Says with each whole $0.37 warrant being exercisable for four years from the closing of the offering into one common share at an exercise price of $0.37 per share.StorageVault will only be issuing a maximum of $850,000 of Full Warrant Units pursuant to the Offering (a maximum of 2,833,333 Full Warrant Units).Closing of the offering is anticipated to occur on or around mid-Feb. 2014.Proceeds of the offering will be used for the continued expansion of PUPS Portable Storage in 2014, including the launch of new locations in Edmonton AB, and London, ON. 

Latest Developments for StorageVault Canada Inc

Company Quote

0.385
0.0 +0.00%
18 Jul 2014